Nurse Faculty Loan Program (NFLP)

Background
The Nurse Faculty Loan Program (NFLP) is administered by the Health Resources and Services Administration (HRSA) with the goal of increasing the number of qualified nursing faculty nationwide. The program provides low-interest loans to individuals studying to become nurse faculty and offers loan cancellation for those who subsequently work as faculty. This initiative addresses critical workforce needs in nursing education, particularly in light of significant vacancies in nursing faculty positions across the United States.

Grant Details
Successful applicants must establish, operate, and maintain a student loan program that provides loans to students enrolled in advanced nursing education degree programs. NFLP recipients are required to monitor compliance with program requirements. Graduates can have up to 85% of their student loans canceled if they work full-time as nurse faculty for up to four years at an accredited nursing school. The program also recognizes Advanced Practice Registered Nurses (APRNs) working as preceptors in academic-practice partnerships as eligible faculty, thereby enhancing clinical training opportunities for nursing students.

Key tasks include:
- Establishing a distinct NFLP loan fund account;
- Disbursing loans to eligible students;
- Managing compliance and monitoring;
- Conducting training programs for future nurse educators;
- Providing accurate financial data regarding project implementation.

Eligibility Requirements
Eligible applicants include accredited schools of nursing with advanced nursing education programs, which must maintain accreditation throughout the award period. Types of eligible organizations include public and private institutions of higher education, non-profits, for-profit organizations, state and local governments, and Native American tribal organizations. Individual applicants are not eligible. Student borrowers must be enrolled in an advanced nursing education degree program and maintain acceptable academic standing.

Period of Performance
The expected period of performance is one year, from July 1, 2025, to June 30, 2026.

Grant Value
The total available funding for FY 2025 is $25,600,000 with individual grant awards up to $2,000,000.

Place of Performance
The grant will be performed within accredited schools of nursing across the United States.